Broker's Ontario push, Canada housing bubble, Non-bank lenders, BoC rate, Seller's market, More

Major mortgage broker makes a push into Ontario

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11 March 2021

Top news Major mortgage broker makes a push into Ontario Managing partners and new Ontario team leader explain how their business model and culture deliver for their agents Canada housing might be in historic bubble - Rosenberg "We have a situation where home prices are up 18% year-over-year with practically no wage growth" Insured mortgages at non-bank lenders showing higher arrears rate The gap between insured and uninsured arrears has only worsened over the past year BoC commits to overnight rate freeze for the long haul The central bank will keep the rate at its effective lower bound until the national economy reaches the 2% inflation target A seller's market: Low inventory driving up prices in Ontario town Homes are selling quickly and overpriced AI-driven platform largely propelled network's massive 2020 growth Network's brokers enjoyed markedly streamlined workflows, assisted by machine learning and cloud-based tools International news Senate confirms new housing secretary Move comes just as Congress passes new benefits for renters and homeowners Commonwealth Bank faces union action CBA talks break down with FSU Non-bank lender announces $250 million funding facility It says part of the funding will go towards supporting its interactions with advisers

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